Related to the Economics in Practice on Page 233: in the United

question 32

Multiple Choice

Related to the Economics in Practice on page 233: In the United States, more mature companies often have a larger percentage of stock held by ________ than do newer companies, and newer companies often have a larger percentage of stock held by ________ than do more mature companies.

• A) institutions; insiders
• B) foreign governments; institutions
• C) insiders; foreign governments
• D) the U.S. government; foreign governments

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Definitions:

Business Cycle

The natural rise and fall of economic growth over time, consisting of periods of expansion, peak, contraction, and trough.

Successive Peaks

Repeated achieving of higher levels or values in a given sequence, often used in the context of economic growth, stock market performance, or other measurements of success.

Contraction

A phase of the business cycle where there is a decline in national output and economic activity.

Standard Of Living

The degree of wealth and material comfort available to a person or community, measured through income, employment, class disparity, poverty rate, and housing affordability.